The Secretary-General of the Union of South American Nations (UNASUR), Colombian María Emma Mejía said that the region has shown “more imagination and audacity in the measures applied” than G7 countries, which are debating how to get out of the mess they are currently undergoing.
Emerging markets helped boost Scotch whisky exports by 22% in the first half of this year, according to new figures. The Scotch Whisky Association (SWA) said global shipments between January and June reached £1.8bn, up from £1.47bn achieved during the same period in 2010.
The UK will reinforce and expand its diplomatic presence in Latin America beefing up embassies and reopening others that have been closed in recent years, said Foreign Secretary William Hague.
International tourism grew by almost 5% in the first half of 2011 totalling a new record of 440 million arrivals according to the World Tourism Organization, the United Nations organization for the sector.
Cambridge has retained its premier status in the QS World University Rankings, beating Harvard for a second year, as UK and US institutions again took the top 10 spots. Latin America figured badly with only six ranked in the 300 universities reviewed, the best in position 169.
Annual food inflation in Latin America and the Caribbean reached 8.7% in July almost one full percentage point above the previous month according to the Food and Agriculture Organization, FAO.
The value of goods exported from Latin America and the Caribbean will grow by 27% in 2011, which is similar to that of last year according to a report presented in Santiago, Chile, by the Economic Commission for Latin America and the Caribbean (ECLAC).
Latin America’s central banks are coming to the end of steep rises in borrowing costs as the global economic outlook darkens and some are starting to consider policy loosening and interest rate cuts.
In spite of world turbulences the Latin America economy will expand 4.8% in 2011 and 4% in 2012 and 2013 boosted by the high price for commodities and strong domestic demand, according to the Spanish bank BBVA, on its “Latinamerica report”.
Business climate remained stable in Latin America during the second quarter of the year in spite of signs of the incipient global financial crisis, according to the Brazilian Foundation and think-tank Getulio Vargas. Uruguay and Colombia led the pack of the most pro-business countries in the region.